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John Hardaway <br /> June 19, 1996 <br /> Page 2 <br /> Please note that St. Paul Fire and Marine Insurance ond No. 400FX9637 in the <br /> amount of$17,500 was released on September 27, 1984 as evidenced by the copy of the letter, <br /> from Bradford Janes, DMG, to John Woodward, Nerco Minerals Company, dated December <br /> 21, 1984. This bond ap as replaced by Bond No. 400JD2860 in the amount $25,000. <br /> Furthermore, upon the Division's acceptance of the new Letter of Credit, ocable Letters <br /> of Credit No 189 in the amount of $8,493,000, No. 10 in the amount of <br /> $2,725,621, and No. S 800306 in the amount of$2,798,990 were returned to Todd Berryman <br /> of Norwest Bank. Because of this prior release, only the Performance and Financial Warranty <br /> documents are being returned to you. <br /> The previously listed Performance and Financial Warranty bonds are released in their entirety <br /> and are enclosed herewith. You should advise your bank(s) and insurance agent(s) of this <br /> release by copy of this letter. <br /> Thank you for your patience with this process. If you note any discrepancies or if we can be <br /> of further assistance please advise so that we may correct any errors. <br /> Sincerely, <br /> a � P �_ <br /> Lavern . Lemay <br /> Minerals Program Assistant <br /> enclosures <br /> cc: Mike Long, DMG <br /> Bruce Humphries, DMG <br /> James Stevens, DMG <br /> Berhan Keffelew, DMG <br /> CERTIFIED MAIL NO. Z 416 942 842 <br />